The calculations below outline how an intrinsic value for
Weingarten Realty Investors
is arrived at by discounting future cash flows to their present value using the 2 stage method.
We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Weingarten Realty Investors is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

Weingarten Realty Investors's share price is below the future cash flow value, but not at a substantial discount (< 40%).

PRICE RELATIVE TO MARKET

We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for
Weingarten Realty Investors's
earnings,
growth
and
assets
is considered below, and whether this is a fair price.

Price based on past earnings

Are
Weingarten Realty Investors's earnings available for a low price, and how does
this compare to other companies in the same industry?

High Growth Checks

Weingarten Realty Investors's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Weingarten Realty Investors's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.

Past and Future Earnings per Share

The accuracy of the analysts who estimate the future performance data can
be gauged below. We look back 3 years and see if they were any good at
predicting what actually occurred. We also show the highest and lowest estimates
looking forward to see if there is a wide range.

Past performance checks

We assess
Weingarten Realty Investors's performance over the past 5 years by checking for:

Has earnings increased in past 5 years? (1 check)

Has the earnings growth in the last year exceeded that of the
REITs
industry? (1 check)

Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)

Is the Return on Equity (ROE) higher than 20%? (1 check)

Is the Return on Assets (ROA) above industry average? (1 check)

Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)

The above checks will fail if the company has reported a loss in the most recent
earnings report. Some checks require at least 3 or 5 years worth of data.
Weingarten Realty Investors
has a total score of
2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

WRI Health

A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).

The boxes below represent the relative size of what makes up
Weingarten Realty Investors's finances.

The net worth of a company is the difference between its assets and liabilities.

Net Worth

Weingarten Realty Investors is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Weingarten Realty Investors's long term commitments exceed its cash and other short term assets.

Balance sheet

This treemap shows a more detailed breakdown of
Weingarten Realty Investors's finances. If any of them are yellow this
indicates they may be out of proportion and red means they relate to one of the
checks below.

Assets

Liabilities and shares

The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0.1x debt.

Historical Debt

Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to
see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and
whether the level has increased over the past 5 years.

WRI Management

Management is one of the most important areas of a company. We look at
unreasonable CEO compensation, how long the team and board of directors have
been around for and insider trading.

CEO

DrewAlexander

COMPENSATION

$4,758,715

AGE

61

TENURE AS CEO

18.3 years

CEO Bio

Mr. Andrew M. Alexander, also known as Drew, has been the Chief Executive Officer at Weingarten Realty Investors since January 2001 and has been its President since 1997. Mr. Alexander is Chairman of Weingarten Realty Investors since February 2019. Mr. Alexander served as an Executive Vice President and Asset Manager at Weingarten Realty from 1993 to 1996. He joined Weingarten Realty in 1978 as a Leasing Executive in the Retail Division. He served as the President at Weingarten Realty Management Company since 1993, Senior Vice President and Asset Manager from 1991 to 1993 and Vice President from 1990 to 1991 and prior to Weingarten Realty Investors' reorganization in 1984, Vice President from 1988 to 1990. He is active in a number of civic and charitable organizations. He serves as Trustee of the International Council of Shopping Centers Inc. He has been Trust Manager of WeingarTen Realty Investors since 1983. He has been a Director of Susser Holdings Corporation since September 12, 2013. Mr. Alexander serves on the board of the Texas Medical Center Corporation, Gladney Center Endowment and Houston Food Bank Endowment. He served as a Director of Greater Houston Partnership, Inc. and Academy Sports and Outdoors, Inc. He served as Director of Charter Bancshares Inc. and of its subsidiary, Charter National Bank - Houston since 1984. He served on a number of Boards including Houston Achievement Place, The Gladney Center and The Houston Food Bank. Mr. Alexander was a Trustee of the National Association of Real Estate Investment Trust. He served as Director of International Council Of Shopping Centers Inc. He graduated with highest Honors majoring in Real Estate from the University of Texas (Austin).

CEO Compensation

Drew's compensation has been consistent with company performance over the past year, both up more than 20%.

Drew's remuneration is about average for companies of similar size in United States of America.

Management Team Tenure

Average tenure and age of the
Weingarten Realty Investors
management team in years:

13.5

Average Tenure

61

Average Age

The average tenure for the Weingarten Realty Investors management team is over 5 years, this suggests they are a seasoned and experienced team.

Management Team

Drew Alexander

TITLE

Chairman

COMPENSATION

$5M

AGE

61

TENURE

18.3 yrs

Steve Richter

TITLE

Executive VP & CFO

COMPENSATION

$2M

AGE

63

TENURE

19.3 yrs

Johnny Hendrix

TITLE

Executive VP & COO

COMPENSATION

$2M

AGE

60

TENURE

9 yrs

Joe Shafer

TITLE

Senior VP

TENURE

20.3 yrs

Michelle Wiggs

TITLE

Vice President of Investor Relations

TENURE

7.3 yrs

Mark Stout

TITLE

Senior VP & General Counsel

Carrie Murray

TITLE

Marketing & Communications Director

Mickey Townsell

TITLE

Senior Vice President of Human Resources

TENURE

13.5 yrs

Alan Kofoed

TITLE

Senior Vice President of Construction

TENURE

8.2 yrs

Bill Goeke

TITLE

Senior Vice President of Property Management

Board of Directors Tenure

Average tenure and age of the
Weingarten Realty Investors
board of directors in years:

11.8

Average Tenure

64.5

Average Age

The average tenure for the Weingarten Realty Investors board of directors is over 10 years, this suggests they are a seasoned and experienced board.

Board of Directors

Drew Alexander

TITLE

Chairman

COMPENSATION

$5M

AGE

61

TENURE

0.3 yrs

Stanford Alexander

TITLE

Chairman Emeritus

COMPENSATION

$290K

AGE

89

TENURE

0.3 yrs

C. Shaper

TITLE

Trust Manager

COMPENSATION

$198K

AGE

49

TENURE

11.8 yrs

Shelaghmichael Brown

TITLE

Lead Independent Trust Manager

COMPENSATION

$193K

AGE

68

Tom Ryan

TITLE

Trust Manager

COMPENSATION

$197K

AGE

53

TENURE

6.8 yrs

Douglas Schnitzer

TITLE

Trust Manager

COMPENSATION

$192K

AGE

61

TENURE

35.3 yrs

Marc Shapiro

TITLE

Trust Manager

COMPENSATION

$195K

AGE

70

TENURE

34.3 yrs

Steve Lasher

TITLE

Trust Manager

COMPENSATION

$196K

AGE

70

TENURE

39.3 yrs

Who owns this company?

Recent Insider Trading

Weingarten Realty Investors insiders have only sold shares in the past 3 months.

WRI News

Simply Wall St News

If you're interested in Weingarten Realty Investors (NYSE:WRI), then you might want to consider its beta (a measure of share price volatility) in order to understand how the stock could impact your portfolio. … Some investors use beta as a measure of how much a certain stock is impacted by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

What To Know Before Buying Weingarten Realty Investors (NYSE:WRI) For Its Dividend

Could Weingarten Realty Investors (NYSE:WRI) be an attractive dividend share to own for the long haul? … A high yield and a long history of paying dividends is an appealing combination for Weingarten Realty Investors. … Explore this interactive chart for our latest analysis on Weingarten Realty Investors!

How Does Drew Alexander's Compensation Compare With Similar Sized Companies. … Our data indicates that Weingarten Realty Investors is worth US$3.8b, and total annual CEO compensation is US$4.8m. … The median total CEO compensation was US$4.8m.

Those Who Purchased Weingarten Realty Investors (NYSE:WRI) Shares Three Years Ago Have A 26% Loss To Show For It

We regret to report that long term Weingarten Realty Investors (NYSE:WRI) shareholders have had that experience, with the share price dropping 26% in three years, versus a market return of about 48%. … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … During the unfortunate three years of share price decline, Weingarten Realty Investors actually saw its earnings per share (EPS) improve by 25% per year.

What Kind Of Investor Owns Most Of Weingarten Realty Investors (NYSE:WRI)?

A look at the shareholders of Weingarten Realty Investors (NYSE:WRI) can tell us which group is most powerful. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … With a market capitalization of US$3.9b, Weingarten Realty Investors is rather large.

Why Weingarten Realty Investors (NYSE:WRI) Could Have A Place In Your Portfolio

Participate in a short research study and receive a subscription valued at $60. … Weingarten Realty Investors (NYSE:WRI) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective.

Is Weingarten Realty Investors (NYSE:WRI) A Healthy REIT?

Weingarten Realty Investors is a US$3.3b. … View our latest analysis for Weingarten Realty Investors. … A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent

Is Weingarten Realty Investors (NYSE:WRI) A High Quality Stock To Own?

With that in mind, this article will work through how we can use Return On Equity (ROE) to better understand a business. … To keep the lesson grounded in practicality, we'll use ROE to better understand Weingarten Realty Investors (NYSE:WRI). … Over the last twelve months Weingarten Realty Investors has recorded a ROE of 24%.

So shareholders might well want to know whether insiders have been buying or selling shares in Weingarten Realty Investors (NYSE:WRI). … Weingarten Realty Investors Insider Transactions Over The Last Year. … So we know that an insider sold shares at around the present share price of US$28.21.

Drew Alexander became the CEO of Weingarten Realty Investors (NYSE:WRI) in 2001. … This analysis aims first to contrast CEO compensation with other companies that have similar market capitalization. … According to our data, Weingarten Realty Investors has a market capitalization of US$3.8b, and pays its CEO total annual compensation worth US$5m.

WRI Company Info

Description

Weingarten Realty Investors (NYSE: WRI) is a shopping center owner, manager and developer. At March 31, 2019, the Company owned or operated under long-term leases, either directly or through its interest in real estate joint ventures or partnerships, a total of 177 properties which are located in 17 states spanning the country from coast to coast. These properties represent approximately 34.6 million square feet of which our interests in these properties aggregated approximately 22.6 million square feet of leasable area.

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